Europe Economics Update Restructuring can’t transform Greece’s debt outlook Expectations that Greece’s fiscal problems can be addressed by a “restructuring” of its debts overlook the fact that most of the viable adjustments have already been made. Only a substantial write... 28th January 2015 · 1 min read
Japan Economics Update Government eases pressure on BoJ to expand stimulus The greater tolerance being shown by Japan’s government towards inflation remaining below target simply reflects the fact that the oil price collapse has made hitting the target all but impossible in... 28th January 2015 · 1 min read
Latin America Chart Pack Brazil’s inflation outlook diverges from the pack Data released over the past month have highlighted the contrasting outlook for inflation in Brazil compared with that of the rest of the region. After a brief period within the central bank’s target... 27th January 2015 · 1 min read
Europe Economics Update Rise of populist parties unlikely to end austerity Syriza’s victory in the Greek general election may increase the influence of anti-austerity parties elsewhere in the euro-zone, most notably Podemos in Spain. But resistance from Germany seems set to... 27th January 2015 · 1 min read
US Economics Update Budget deficit projections dependent on rate outlook Although the Congressional Budget Office's (CBO) latest projections show the Federal budget deficit at only 2.6% of GDP in fiscal year 2015, it does still expect the deficit to widen again before the... 26th January 2015 · 1 min read
UK Economic Outlook Will the recovery fizzle out in 2015? While the UK’s economic recovery has shown some signs of flagging recently, we think its best days may still lie ahead. Admittedly, it has depended on some unsustainable sources and the general... 26th January 2015 · 1 min read
Europe Economics Update Syriza victory threatens to reignite crisis Syriza’s resounding victory in the Greek general election looks set to result in a protracted period of heightened uncertainty over Greece’s future inside the euro-zone and could threaten to reignite... 26th January 2015 · 1 min read
Europe Economics Update What to look for in Sunday’s Greek election In this Update, we outline some of the key points to look for in this Sunday’s crucial Greek election. While much is likely to depend on coalition negotiations early next week, we suspect that the... 23rd January 2015 · 1 min read
Middle East & North Africa Economics Update The implications of King Abdullah’s passing The passing away of Saudi Arabia’s King Abdullah has raised concerns about the issue of succession and whether this might lead to disruptions to policymaking in the Kingdom. The key point, though, is... 23rd January 2015 · 1 min read
India Chart Pack Further rate cuts are on the way The Reserve Bank of India (RBI) shocked markets earlier this month by cutting its main policy rates at an unscheduled meeting. The accompanying statement also paved the way for further policy... 22nd January 2015 · 1 min read
Emerging Europe Economics Update Russian government starting to face up to fiscal realities Today’s meeting between President Putin and government ministers to discuss anti-crisis measures and budget amendments suggests that the authorities are finally starting to acknowledge the new... 21st January 2015 · 1 min read
Global Economic Outlook Oiling the wheels Global growth has slowed in recent months, but we still expect world GDP to expand by just over 3% this year and next. The slump in oil prices should have a positive impact overall, even though it... 21st January 2015 · 1 min read
Europe Economic Outlook Crisis 2.0? The onset of deflation in the euro-zone and the recent developments in Greece have served as powerful reminders of the lasting effects of the region’s debt crisis. The ECB will seek to tackle... 20th January 2015 · 1 min read
Asia Economics Update Malaysia’s new fiscal and growth targets are achievable Most economies in Emerging Asia will benefit from falling oil prices. The big exception is Malaysia, where the government today revised its 2015 forecasts for the budget deficit, GDP growth and the... 20th January 2015 · 1 min read
UK Economics Weekly Deflation should be briefer in the UK than overseas With E.On’s cut in gas prices probably kicking off a more widespread round of utility price cuts and oil prices falling even further last week, a brief dip into outright deflation now seems more... 16th January 2015 · 1 min read
Japan Economics Weekly Fading fiscal headwind to bolster demand Despite surging tax revenues, we doubt that the government will reach its target of halving the primary deficit in the coming fiscal year. However, fading fiscal drag should at least ensure that the... 16th January 2015 · 1 min read
